Condo
$459,000
34% less per sq ft705 6055 Nelson Avenue
Burnaby36 days on market
MLS® R3161785
1 / 28
2 bed · 2 bath · 893 sq ft · 1 parking
Condo · Single Family · built 2020 · 215 days on market
Listed by Gurwin Jhand, Luxmore Realty
Realtor's description
Welcome to Terraces at the Peak by Intergulf in SFU´s UniverCity community. This 2 bed, 2 bath home offers a bright open layout with a modern kitchen featuring quartz countertops, Euro-style cabinetry and stainless appliances. The primary bedroom includes a walk-in closet and ensuite. Enjoy a large private patio with peaceful garden views. Amenities include a gym, social lounge and outdoor terrace. Steps to SFU, Nesters Market, cafés, trails and transit. The best priced 2-bedroom home in the community.
Property details
- Type
- Condo, Single Family
- Bedrooms
- 2
- Bathrooms
- 2
- Living area
- 893 sq ft
- Parking
- 1
- Year built
- 2020
- Property tax
- $2,108 / yr
- Strata fee
- $614 / mo ($0.69 / sq ft)
- Strata rules
- Pets Allowed With Restrictions
- Days on market
- 215
- MLS®
- R3097584
Features
- Central location
- Elevator
- Pets Allowed With Restrictions
- All
Floor plans
Found among the listing photos.
Monthly cost
$3,404/mo
Mortgage $2,614 · Tax $176 · Strata $614
20% down at 4.34% fixed (Ratehub.ca), 25 years; tax from the listing; strata fee from the listing.
If you rented it out
- Rent
- $2,110/mo
- After all costs
- −$1,498/mo
- Cap rate
- 2.2%
- yearly net rent ÷ price
Costs: mortgage $2,614 · tax $176 · strata $614 · insurance ~$35 · vacancy 3% · upkeep 5%.
Rent starts at CMHC's average for a 2-bedroom in North Burnaby, Burnaby (CMHC Rental Market Survey, October 2025). Averages include long-time tenants, so new leases usually ask more; houses usually rent for more than apartments. 25-year mortgage; rental purchases need at least 20% down.
BC rules for landlords
- Short-term rentals are limited to the host's principal residence in most communities. gov.bc.ca
- Rent increases are capped once a year at the province's set amount. gov.bc.ca
- The speculation and vacancy tax applies in many areas to homes not lived in or rented out. gov.bc.ca
- Selling within two years of buying can trigger the BC home flipping tax. gov.bc.ca
Location
BurnabyGoogle Maps ↗
Schools
Catchment schools, Burnaby School District 41
- Elementary University Highlands Elementaryhomes in this catchment
300 m away · 9388 Tower Rd, Burnaby · 604-296-9036
From the Burnaby School District 41's published catchment maps. A catchment gives priority, not a guaranteed seat, and French immersion and choice programs work differently. The district confirms catchment: check with its school locator.
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